CETA: Strengthing Canada-EU Ties and Scaling the Canadian Digital Economy

medium.com

The uptick in exports two years after the implementation of the Comprehensive Economic and Trade Agreement (CETA) between Canada and the EU has accrued more to EU businesses than Canadian businesses, suggesting that Canada could more effectively leverage CETA to access one of the largest marketplaces in the world.

From end of 2017 to end of 2018, exports from the EU to Canada increased by 11%, whereas exports from Canada to the EU grew only by 4%.

“While the Coronavirus pandemic continues to have far-reaching impacts on international trade, CETA offers a large and stable market to provision alternative supply chains, scale businesses, and set the stage for a robust economic recovery post COVID-19.” - Namir Anani, ICTC President & CEO

The report includes:

  • An overview of the EU’s digital strengths
  • EU’s top tech imports and key areas of consumer demand for digital goods and services
  • Interviews with EU business leaders that examine the attractiveness of Canada as a trade partner
  • Individual EU country profiles to identify market opportunities for Canadian digital businesses

A key study finding suggests that EU organizations would do more business with Canadian tech companies if they had better access to information related to the benefits of working with Canada and a better understanding of Canada’s differing provincial regulations.

Read the full study here 📖

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